Alliance Global Partners Maintains Buy Rating for Ooma: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Alliance Global Partners has maintained its Buy rating on Ooma (NYSE:OOMA) but reduced its price target from $16.00 to $14.50. Ooma's shares have risen 1.11% in the last 24 hours to $10.00. A price target of $14.50 represents a 45.0% increase from the current price. Ooma Inc. offers innovative communication solutions and services to small business, home, and mobile users through its hybrid SaaS platform.
March 06, 2024 | 5:00 pm
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Alliance Global Partners maintains Buy rating on Ooma, lowers price target to $14.50. Shares currently at $10, indicating a potential 45% increase.
The maintenance of a Buy rating by a reputable analyst firm like Alliance Global Partners, despite a lowered price target, suggests confidence in Ooma's fundamentals and future prospects. The current share price increase of 1.11% reflects positive market reaction, and the significant potential upside to the new target price may attract investor interest, potentially driving the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100